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Did Michael Jordan invest in prisons?

Michael Jordan

This is the ultimate “Do you want the long answer or the short answer?” question.

Did Michael Jordan invest in private prison? Short answer, yes. Long answer no.

Did former Chicago Bull and consensus greatest basketball player of all time invest in prisons? No, he did not.

Did some white guy from Oregon also named Michael Jordan who is currently the chief administrative officer for the City of Portland invest in prisons? Probably.

Michael Jordan Investments

So now that we have cleared that up, exactly what has GOAT Michael Jordan invested in? Unsurprisingly, Jordan, who is reportedly the first ever billionaire ex-athlete, has invested in a lot of things.

In 2018, for instance, he was part of a group that invested $26-million in eSports company aXiomatic Gaming.

aXiomatic Gaming is an esports and gaming company that focuses on investments, acquisitions, and operations within the gaming industry. It was founded in 2015 by a group of business and sports leaders who recognized the growing potential of esports as a global phenomenon.

The company’s primary objective is to create strategic partnerships and investments in esports-related ventures. aXiomatic Gaming seeks to develop and support teams, leagues, and businesses that contribute to the growth and development of the esports ecosystem.

aXiomatic Gaming has made notable investments in prominent esports organizations such as Team Liquid, one of the most successful and recognized teams across multiple esports titles. Team Liquid competes in various games, including League of Legends, Counter-Strike: Global Offensive, Dota 2, and more.

In addition to investments in teams, aXiomatic Gaming has also been involved in initiatives related to esports leagues and events. For example, the company has participated in the establishment of the Overwatch League, a professional esports league for Blizzard Entertainment’s game Overwatch.

aXiomatic Gaming operates with the vision of elevating esports to the same level of mainstream recognition and acceptance as traditional sports. The company’s investors include notable individuals from the sports, entertainment, and technology sectors, including professional sports team owners, business executives, and venture capital firms.

As the esports industry continues to grow rapidly, aXiomatic Gaming aims to be at the forefront of shaping its development. Through strategic investments, partnerships, and a focus on player development and fan engagement, the company seeks to contribute to the overall success and expansion of esports on a global scale.

Michael Jordan private golf course

One of Jordan’s favorite investments is “Slaughterhouse 23” a private golf course more formally called “Grove XXIII” (pronounced “Grove 23”). The golf course is located in Hobe Sound, Florida, within the exclusive community of The Medalist.

Grove XXIII is a highly exclusive and private golf club designed to offer an exceptional golfing experience to its members. The course was designed by renowned golf course architect Bobby Weed and officially opened in 2019. It spans over 226 acres of lush landscape and features a challenging layout with 18 holes.

The golf course reflects Michael Jordan’s personal preferences and attention to detail. It offers a meticulously maintained playing surface, scenic views, and a tranquil atmosphere. The design incorporates strategic bunkers, undulating fairways, and well-manicured greens, providing a unique and enjoyable golfing experience.

Membership to Grove XXIII is limited and by invitation only. The club aims to maintain an intimate and exclusive environment, catering to a select group of individuals who appreciate privacy and have a shared passion for golf. Members have access to various amenities, including a clubhouse, practice facilities, dining options, and personalized services.

Being a private golf course, Grove XXIII offers a secluded and elite setting for its members to enjoy their golfing pursuits. It exemplifies Michael Jordan’s dedication to the sport and his desire to create a premier golfing destination that reflects his love for the game.

It’s worth noting that access to Grove XXIII is highly restricted, and detailed information about the course and its facilities may be limited due to its private nature.

Michael Jordan NBA Top Shot

In 2021, Jordan was part of a group that invested $305-million in Dapper Labs, the company behind NBA Top Shot. NBA all-star Kevin Durant was also part of the investment.

Dapper Labs is a technology company known for developing and operating blockchain-based platforms and products, with a particular focus on creating immersive and interactive experiences for users. The company gained significant attention for its creation of CryptoKitties, one of the earliest and most popular decentralized applications (dApps) on the Ethereum blockchain.

CryptoKitties, launched in 2017, allows users to collect, breed, and trade unique digital cats represented as non-fungible tokens (NFTs). The game’s success brought attention to the concept of NFTs and their potential in the world of digital collectibles.

Building on the success of CryptoKitties, Dapper Labs went on to develop NBA Top Shot in collaboration with the National Basketball Association (NBA) and the National Basketball Players Association (NBPA). NBA Top Shot is a platform that offers officially licensed NBA collectibles in the form of NFTs. Users can purchase and trade digital basketball highlight clips, also known as “moments,” using blockchain technology.

Dapper Labs uses its own blockchain called Flow, which was designed to address scalability and usability challenges faced by earlier blockchain networks. Flow aims to provide a more accessible and efficient infrastructure for developers to create decentralized applications with high-performance capabilities.

Apart from CryptoKitties and NBA Top Shot, Dapper Labs continues to explore partnerships and opportunities to expand the reach of blockchain technology in various industries. They have collaborated with companies and organizations across entertainment, sports, and gaming sectors to bring unique and engaging experiences to users through the integration of blockchain and NFTs.

Dapper Labs has garnered attention and investment from prominent venture capital firms, including Andreessen Horowitz and Union Square Ventures, indicating the confidence and support in their vision and technological advancements.

It’s important to note that the field of blockchain technology and NFTs is rapidly evolving, and Dapper Labs’ initiatives and offerings may have expanded or changed since my last update. For the most current and detailed information about Dapper Labs and their products, it’s recommended to visit their official website or refer to recent news and updates from reliable sources.

Michael Jordan DraftKings

In 2020, Air Jordan invested in DraftKings. . DraftKings is a prominent online sports entertainment and gaming company that offers daily fantasy sports contests and sports betting. The company was founded in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman and is headquartered in Boston, Massachusetts.

DraftKings initially gained popularity by providing daily fantasy sports (DFS) contests, where users can assemble virtual teams of real athletes across various sports and compete against other users based on the statistical performance of those athletes in real-world games. DFS contests typically cover popular sports such as football, basketball, baseball, hockey, and soccer.

Over time, DraftKings expanded its offerings to include traditional sports betting as well. Following the Supreme Court’s decision to overturn the Professional and Amateur Sports Protection Act (PASPA) in 2018, which allowed individual states to legalize sports betting, DraftKings became one of the leading operators in the emerging legal sports betting market in the United States.

Through its online platform and mobile applications, DraftKings provides a user-friendly and accessible interface for users to engage in daily fantasy sports and place sports bets on a wide range of professional and collegiate sports events. The platform offers various types of wagers, including moneylines, point spreads, over/under totals, and prop bets.

DraftKings operates in compliance with state regulations, and its availability for users depends on the specific legal framework in each state. The company has obtained licenses and partnerships with numerous professional sports leagues, teams, and casino operators to ensure a secure and regulated betting environment.

In addition to traditional sports, DraftKings has also expanded into other areas, such as esports and online casino gaming, in select jurisdictions where it is legally permitted.

As a prominent player in the online sports entertainment and gaming industry, DraftKings has attracted significant investments and partnerships from both individuals and major companies. Its user base continues to grow, driven by the popularity of daily fantasy sports and the expanding legalization of sports betting across the United States.

Michael Jordan investment the Charlotte Hornets

And, last but not least, Jordan’s biggest and most lucrative investment. Jordan is the majority owner and chairman of the Charlotte Hornets, an NBA (National Basketball Association) team based in Charlotte, North Carolina. Jordan’s involvement with the Hornets began in 2006 when he acquired a minority ownership stake in the team. Over time, he increased his ownership stake and ultimately became the majority owner in 2010.

According to Forbes’ annual rankings, the estimated value of the Charlotte Hornets franchise was $1.5 billion as of February 2021.

Jordan’s investment in the Charlotte Hornets marked a significant milestone in his post-basketball career as he transitioned from being one of the most iconic players in NBA history to becoming a prominent figure in team ownership and management.

Under Jordan’s ownership, the Hornets have seen several changes and initiatives aimed at improving the team’s performance and overall franchise value. He has been involved in making strategic decisions regarding player acquisitions, coaching hires, and front office personnel changes to shape the team’s direction.

While the Hornets have had varying levels of success on the court during Jordan’s ownership tenure, his leadership and influence have helped establish the franchise’s identity and foster a culture of competitiveness. He has brought his basketball expertise and winning mentality to the organization, aiming to build a team capable of contending for championships.

In addition to his ownership role, Michael Jordan has been actively involved in community initiatives and philanthropy in the Charlotte area. He has supported various charitable causes and organizations, leveraging his platform and resources to make a positive impact on the community.

 

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